Fourth Quarter Providing and Full Year Solutions 2013 to theResults Energy Industry Paris, February 20, 2014
Contents 2013: Year in Review 2013: Operational & Financial Highlights Sustaining Profitable Growth Annex 3 Fourth Quarter and Full Year 2013 Results
2013: Year in Review 4 Fourth Quarter and Full Year 2013 Results
Performance in Line with Expectations in 4Q13 Guidance given in October 2013 actual performance Group revenue between 9.3 and 9.4 billion Group revenue of 9.3 billion Subsea revenue lowered to around 4.1 billion Subsea revenue of…
2013 Key Facts Performance Strategy and Outlook Revenue increased by 14%, to 9.3 billion Year-end backlog of 16.6 billion Operating margin(1) at 9% Global footprint strengthened and workforce expanded to nearly 40,000 people…
2013: Operational & Financial Highlights 7 Fourth Quarter and Full Year 2013 Results
Fourth Quarter Subsea Highlights Offshore main operations completed Revenue million Gannet, Scotland 1,200 Brynhild, Norway 963 Jack and Saint Malo, US Gulf of Mexico Main ongoing projects Moho Nord, Congo 4Q 12 4Q 13 4Q 13…
US Gulf of Mexico Focus Deep Energy and Deep Blue, Mobile spoolbase 7 GoM projects have progressed satisfactorily in 4Q and year-to-date 2014 Execution is in parallel across all projects 2 projects are now complete and being…
Fourth Quarter Onshore/Offshore Ongoing Projects Upstream Revenue million Malikai TLP, Malaysia Upper Zakum 750 facilities, Abu Dhabi 1,522 Umm Lulu package 2, Abu Dhabi 1,100 Aasta Hansteen Spar, Norway Martin Linge platform,…
Fourth Quarter & FY 2013: Operating Performance million 4Q 13 Y-o-Y FY 13 Y-o-Y Main elements not audited Change audited Change Revenue 2,484.8 8.0% 9,336.1 13.8% Annual and quarterly revenue growth driven by Onshore/Offshore…
Fourth Quarter & FY 2013: Net Income million 4Q 13 Y-o-Y FY 13 Y-o-Y not audited Change audited Change Main elements Operating Income(1) 207.2 (13.4)% 844.5 1.9% Financial result: IAS 21/32/39: hedge ineffectiveness increased by…
Fourth Quarter & FY 2013: Operating Cashflow million (audited) 3 Months 12 Months Main elements not audited audited Net Income / (Loss) (including 138.2 570.0 Non-Controlling Interests) Depreciation Depreciation &…
Fourth Quarter & FY 2013: Cash Flow million 3 Months 12 Months Main Mainelements elements not audited audited Cash at beginning of period(1) 2,174.2 2,289.0 Cashflow Net Cash Generated Operating cash includes contribution…
Asset Management / Capex Flexibility in managing Capex continues Replacement Capex: Manufacturing plants and core fleet assets Diving Support Vessel wholly-owned / controlled Additional differentiating fleet assets including…
Momentum in Delivering Differentiating Assets Start-up 2016 & Start-up 2012/13 Start-up 2014/15 beyond G1201 Au plant New DSV(1) Deep Orient Newcastle plant New CV(2) Deep Energy upgrade Four PLSVs(3): North Sea Atlantic 2x 300…
Proposed Dividend Increase of 10 percent Dividend per share () 2008 - 2013 1.85(1) CAGR: +9% 1.68 1.58 1.45 1.35 1.20 2008 2009 2010 2011 2012 2013 (1) Recommendation of Technips Board of Directors to be approved…
Guidance reiterated for 2014 and 2015 2014 Subsea Revenue growing to between 4.35 and 4.75 billion, with operating margin of at least 12% Onshore / Offshore Revenue growing to between 5.4 and 5.7 billion with operating margin…
Sustaining Profitable Growth 19 Fourth Quarter and Full Year 2013 Results
Fourth Quarter Order Intake Trends Remain Solid million Subsea Order intake T.E.N. field, Tullow Oil, Ghana 1,757 1,596 Edvard Grieg pipeline, Statoil, Norway Block SK316 pipelines, Petronas, Malaysia 914 4Q 12 3Q 13 4Q…
Backlog Diversification By Geography By Market Split By Customer 3% Others 17% Petrochems 10% Africa Refining / Heavy Oil 30% 8% Others Middle East 10% Gas / LNG / FLNG 8% Americas 32% Shallow Water(1) International 36%…
And by Contract Size Subsea Onshore & Offshore 8.6 billion backlog 7.9 billion backlog Moho Nord, our largest project, Largest projects: added over 1 billion Prelude FLNG, Australia Martin Linge platform, Norway Next largest…
Business Trends SUBSEA LNG/FLNG DOWNSTREAM Mid-term drivers Mid-term drivers Mid-term drivers Proving out of resources in deep Gas is increasingly the clean fuel of Shale gas as abundant industrial water basins in Brazil, Angola,…
Business Environment Europe & CIS(1) North Sea North America & Caribbean Opening of promising Early phase engineering in the Increase in platform resources in Russia GoM, Caribbean & Canada for activity & brownfield offshore…
Technips Strengths Driving Backlog Growth Ethylene and hydrogen To Deliver Sustainable & Profitable Growth Specialized refining and petrochemical technologies Technology Strong track record in major projects execution Pioneers…
and Make Technip an Attractive Long Term Partner Long Term Partnerships & Alliances EPC scope Shell ExxonMobil BP PTA Sasol GTL FEED COOEC Huanqiu Heerema Ongoing EPC projects Conceptual & Licensing / FEEDs won where…
Backlog Visibility(1) million Subsea Onshore/Offshore Group 2014 3,427 4,314 7,741 2015 2,913 2,596 5,509 2016+ 2,302 1,029 3,331 Total 8,642 7,939 16,581 (1) Backlog estimated scheduling as of December 31,…
Contracts Announced Thus Far in 1Q 2014 Jalilah B field development Subsea EPIC, UAE Sapinhoa Norte & I5 pre-salt fields development Subsea Supply, Brazil sgard Subsea Compression Stations Subsea IMR(1), Norway Project…
2014 & 2015 Priorities Maintain a diversified project portfolio, increasing the technology and product mix in our business Relentless focus on current project execution Maintain flexibility and prudence in capex management…
Annex 30 Fourth Quarter and Full Year 2013 Results
A World Leader Bringing Innovative Solutions to the Energy Industry A world leader in project management, engineering and construction for oil & gas, chemicals and energy companies Revenues driven by services provided to clients…
40,000 People Throughout the World, Growing Close to Clients 4,900 +58% 9,100 +32% 3,800 +90% 2,700 3,700 +80% +106% 9,500 +126% Fleet & others 4,300 1,000 +65% +100% Dec. 2013 114 Nationalities across 48…
2013 Revenue Split by Geography Apache II, North Sea Europe / Russia Central Asia Americas Lucius Spar, GoM 31% 29% 9.3 billion Burgas refinery, Bulgaria 9% 21% 10% Africa Asia Pacific Middle East Flexibras,…
Consolidated Statement of Financial Position million (audited) December 31, December 31, (1) 2012 2013 Fixed Assets 6,033.8 6,136.5 Construction Contracts Amounts in Assets 454.3 405.0 Other Assets 2,847.0 3,468.5 Cash &…
Two Complementary Business Models Driving Financial Structure and Performance million Subsea Onshore/Offshore Operating Operating Operating Operating Backlog Backlog Income1 Margin1 Income1 Margin1 8,642 7,939 606 352 585…
A World Leader Bringing Innovative Solutions to the Oil & Gas Industry Subsea Onshore/Offshore Worldwide leadership Proven track record with customers & Unique vertical integration business partners R&D Engineering &…
Vertical Integration: Early Involvement Delivers Better Solutions for Customers Early Engagement Technip E&C Activities Subsea / Offshore CONCEPT CONCEPT CREATE ASSESS FEED EPC OPERATE DECOM SELECTION DEFINITION Field…
Integrated Service Offering Across Segments Wheatstone, Australia Ichthys, Australia Malikai, Malaysia Lucius, Gulf of Mexico FPSO & FPU detailed Tension Leg Platform Platform FEED Lucius Spar hull EPC engineering EPC Platform…
Subsea Vertical Integration: Customer Support from Concept to Execution Concept Execution Project Engineering & Procurement P R Upstream O Engineering Manufacturing J With Genesis(1) E Flexible risers Rigid Pipeline Umbilicals…
Delivering Best-for-Project Solutions Through Genesis Genesis: A wholly owned subsidiary of Technip Provide independent, early phase engineering support to concept selection Fixed and floating platform configuration and selection…
Providing Innovative Solutions for Offshore & Subsea Developments Carbon Fiber Armor Integrated Production Electrically Trace Floating LNG Spars Flexible Pipe Bundle Heated Pipe-in-pipe Breakthrough: Solution for harsh…
Well-head to Platform: Optimizing Subsea Field Architecture Integrating our subsea proprietary technologies and offshore platform knowhow with third party processing equipment to provide innovative development solutions In-line…
Very Broad Execution Capabilities in Subsea Heavy Lift J-Lay & S-Lay Reel-Lay J-Lay & Subsea Reel-Lay Heavy Lift Ultra-deep water infield lines Deepwater infield lines Deep-to-shore (Very high tensions: alliance with…
Investment in Key Subsea Assets Plants New long-term charters 5 2007 7 Two 550t PLSVs Vessels 18 2007 North Sea Atlantic 36, incl. 9 under construction As of December 31, 2013 44 Fourth Quarter and Full Year…
Investing in Key Differentiating Assets: Long Term Charter Flexible Pipe Lay Vessels ) 4 Flexible Pipe Lay Vessels to be built by the Technip/DOF JV Worlds largest: two 650 ton to be built in Norway(1) National content: two…
Flexible Pipe Manufacturing Plants Flexi France Le Trait, France Asiaflex Products Tanjung Langsat, Malaysia Flexibrs Vitria, Brazil Port of Au Au, Brazil 46 Fourth Quarter and Full Year 2013 Results
Umbilicals Manufacturing Plants Duco Ltd Newcastle, UK Duco Inc Houston, USA Asiaflex Products Tanjung Langsat, Malaysia Angoflex Lobito, Angola 47 Fourth Quarter and Full Year 2013 Results
Offshore Manufacturing & Logistic Bases Mobile, Alabama, USA Orkanger, Norway Evanton, UK Port of Angra, Brazil Dande, Angola Carlyss, Louisiana, USA 48 Fourth Quarter and Full Year 2013 Results
High Performing Fleet(1) Flexible Lay & Construction J-Lay & Rigid Reel Lay Deep Orient Skandi Niteroi & Vitoria Apache II Deep Energy Deep Pioneer Deep Blue Diving Multi Support Vessel S-Lay Heavy Lift Skandi Arctic…
Commercial Alliance with Heerema 5-year worldwide alliance agreement combining capabilities for EPCI projects in ultra-deepwater Working together through ad-hoc JV, consortiums or subcontract arrangements to best answer client…
Helping Clients to Develop Ultra-deepwater Fields Geographical footprint covers key subsea markets worldwide (engineering, sales & business development, yards, spoolbases, flexible & umbilical plants) Unique set of capabilities…
Equipment Supply, a Key Part of Our Business Subsea Onshore Engineering and Manufacture Design and Supply Flexible Pipes Cracking furnaces Umbilicals High-efficiency top-fired steam reformers Recent supply awards Recent supply…
Onshore/Offshore Key Markets Onshore Downstream Unique Position Expertise in Full Range of Offshore Facilities Petrochemical & Floating LNG Ethylene Refining Spar LNG & GTL Fixed platform Fertilizer FPSO 53…
Technology Strength Diversifies Our Revenue Process Technologies Licenses Process Design / Engineering Proprietary Equipment Licensed proprietary technologies Process design packages / Design, supply and installation of chosen…
Stone & Webster Process Technologies: Enhanced Portfolio of Downstream Technologies Business Domains Technologies and Skills Cryogenic separation LNG Cooperation with Air Products and Chemicals, Inc. (APCI) GTL Exclusive…
Technip Stone & Webster Process Technology Leading Position in Growing Markets Strong Track Record Recent Key Projects 35% installed capacities with 120 references CP Chem cracker, USA S&W Ethylene 25% of licensing over the past…
Worldwide Organization Dedicated to Downstream Technologies Milton Keynes Cambridge Zoetermeer Beijing Claremont Paris Rome Houston Abu Dhabi Mumbai Kuala Lumpur / Singapore Operating centers Associated operating centers…
FLNG1, an Innovative Solution for our Customers Floating LNG moving from concept to reality 2 facilities under construction after FEED completion Several conceptual studies for various clients Shell FLNG Petronas FLNG Petrobras…
Global Business with Unique Multi-Local Footprint North Sea 4,900 people Founded in 1978 Orkanger Pori Evanton Newcastle Europe North America Le Trait 9,100 people 3,800 people Founded in 1958 Founded in 1971 Middle East…
Africa: Strong Footprint and Long Term Prospects Technip in Africa 1,000 people 1st office founded in 1995 Leadership of flagship Pazflor in Angola Strong local content Lagos Ultra-deep water projects requiring Accra Port…
Asia Pacific: Dedicated Assets for High Potential Market Technip in Asia Pacific Assets & Activities 9,500 people Engineering & project management centers Founded in 1982 Flexible/umbilical manufacturing plant: Asiaflex,…
Middle East: Largest Engineering Capacity in the Region Assets & Activities Technip in Middle East Engineering & project management 2,700 people centers Founded in 1984 Wide range of services: from conceptual and feasibility…
North America: Solid Reputation With Enhanced Portfolio of Downstream Technologies Assets & Activities Engineering & project management centers with North America Subsea, and Onshore/Offshore capabilities 3,800 people Spoolbases…
North Sea Canada: Market Leadership in a Growing Market Assets & Activities Technip in North Sea Engineering & project management centers 4,900 people Spoolbases 1st office founded in 1978 Orkanger, Norway Evanton, UK Steel…
Brazil: Building upon Solid & Profitable Business Differentiating Assets & Activities Technip in Brazil +36 years Wide range of assets: 4,300 People High-end manufacturing plants: Flexibras Founded in 1977 and Au (worlds most…
Technip in Brazil: Steady Development to Provide Unmatched Local Content New manufacturing plant: Auflex 6 PLSVs on long-term charters For up to 3,000m water depth 1st IPB2 in Brazil 2013 1st Brazilian PLSV: Skandi Vitria…
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